CFTC to Host Cryptocurrency CEO Forum to Discuss Digital Asset Market Pilot Program

On November 24th, as per official information, the pre-market contract of Monad (MON) on Binance is set to be converted into a standard perpetual contract. The transition period could last up to 3 hours. The length of this transition hinges on price fluctuations and the stability of the index price. During this transition period, trading functionality will remain unaffected, and outstanding orders and positions will not be cancelled.

On November 24th, according to market data, the price of MON on Coinbase once plummeted sharply to $0.0205 and has now rebounded back to the level of the public sale price, which is $0.025. It has experienced a rapid 22% increase within less than 10 minutes.

On November 24th, according to market data, the US stock market witnessed a morning rally. The Nasdaq rose by more than 1.5%, and the gain of the S&P 500 index expanded to 1%. Cryptocurrency-related stocks also showed an upward trend, including: Coinbase (COIN) increased by 2.57%. Circle (CRCL) rose by 0.7%. MicroStrategy (MSTR) went up by 0.04%. Bullish (BLSH) advanced by 1.04%. Bitmine (BMNR) increased by 6.19%. SharpLink Gaming (SBET) rose by 1.79%. BTCS (BTCS) went up by 4.68%. BNB Network Company (BNC) rose by 1.52%. ALT5 Sigma (ALTS) increased by 3.22%. American Bitcoin (ABTC) went up by 0.68%.

November 24th. UBS noted that when it comes to the scheduling of the Fed's next meeting in December, there is a previous "awkward" situation: the December FOMC meeting will take place prior to the release of two crucial employment reports, which are precisely the core data that determine whether to cut interest rates. This has led the market to begin discussing a possibility: whether the Fed will postpone its scheduled December 10th meeting by one week so that it can have the critical employment data before making a decision. Looking back, adjusting meeting times is not an unprecedented occurrence. In 1971 and 1974, the Fed postponed meetings due to special circumstances. From a regulatory perspective, the Federal Reserve Act only mandates that the FOMC convene at least four times a year and does not have rigid rules regarding date adjustments. UBS pointed out that in history, a single employment report has been sufficient to change the direction of monetary policy. This time, howeve

On November 24th, according to official information, Grayscale Investments announced today that the Grayscale XRP Trust (with the ticker symbol: GXRP) has started trading as an ETP on the New York Stock Exchange Arca. Grayscale further indicated that GXRP is an ETF and is not registered in accordance with the Investment Company Act of 1940 ("1940 Act"). Consequently, it does not possess the same regulatory and investor protection as ETFs and mutual funds that are registered under the 1940 Act. Investing in GXRP comes with significant risks, including the potential for the loss of the principal amount. GXRP holds XRP, but investing in GXRP is not a direct investment in XRP.

On November 24th, based on market data, the price of MON on Coinbase just underwent a significant drop to $0.0205. Compared to the ICO price of $0.025 (with a $25 billion FDV), it represents a decrease of approximately 18%. Currently, it is trading at $0.02176.